Three of South Korea’s 10 largest export companies operate in
the global automotive industry. Two Korean electronics industry players also
rank among the Asian country’s top exporters, as do two Korean competitors from
the oil and gas sector.
To give some contextual perspective on recent company
performance, the overall value of South Korean exported products increased by
2.9% from US$526.9 billion in 2015 to $542.3 billion during 2019. From 2018 to
2019, exports from South Korea depreciated by -10.4%.
In the analysis below, we compare 10 of South Korea’s top
export companies based on asset values, sales and profitability as of December
2019. Also presented is the Korean city where each business has its
headquarters.
Below are
South Korea’s biggest export companies organized by asset value. Shown within
parentheses is the primary industry in which each business operates. Also shown
is the change in asset value as of December 2019 compared to one year earlier.
1. Samsung
Electronics (semiconductors): US$304.9 billion, up 4% from 2018
2. Hyundai
Motor (car/truck makers): $163.3 billion, down -0.9%
3. Hanwha
(products trader, explosives): $157.6 billion, up 5.3%
4. SK
Holdings (oil, gas): $114.2 billion, up 11.4%
5. Posco
(iron, steel): $67.6 billion, down -10.6%
6. KIA
Motors (car/truck makers): $45.8 billion, down -7.7%
7. Hyundai
Mobis (automotive parts): $38.7 billion, down -2.3%
8. LG
Electronics (consumer electronics): $37.4 billion, down -3.4%
9. SK
Innovation (iron, steel): $34.2 billion, up 6.9%
10.
Hyundai Heavy Industries (heavy equipment): $22.2
billion, down -21.8%
Four of
the above export-oriented Korean businesses grew their asset values from 2018
to 2019, led by oil and gas firm SK Holdings (up 11.4%). Other gainers were SK
Innovation (up 6.9%), Hanwha (up 5.3%) and Samsung Electronics (up 4%).
Leading the asset value decliners were Hyundai Heavy Industries (down -21.8%),
iron and steel maker Posco (down -10.6%) and KIA Motors (down -7.7%).
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